Paychex
PAYX
1,589 hedge funds and large institutions have $33.1B invested in Paychex in 2025 Q4 according to their latest regulatory filings, with 176 funds opening new positions, 535 increasing their positions, 642 reducing their positions, and 171 closing their positions.
97% more call options, than puts
Call options by funds: $234M | Put options by funds: $118M
5.91% more ownership
Funds ownership: 76.32% → 82.23% (+5.9%)
3% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 171
5% less capital invested
Capital invested by funds: $34.8B → $33.1B (-$1.64B)
2% less funds holding
Funds holding: 1,619 → 1,589 (-30)
17% less repeat investments, than reductions
Existing positions increased: 535 | Existing positions reduced: 642
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$1.32B |
| 2 |
Invesco
Atlanta,
Georgia
|
+$908M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$536M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$275M |
| 5 |
Select Equity Group
New York
|
+$159M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$415M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$272M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$128M |
| 4 |
WorldQuant Millennium Advisors
New York
|
-$107M |
| 5 |
Millennium Management
New York
|
-$99.5M |
PAYX Hedge Fund Activity: Q4 2025 in Review
1,589 of the 8,263 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2025, worth a combined $33.1B — down 4.7% from $34.8B a quarter earlier.
Buyers outnumbered sellers: 176 funds opened new PAYX positions and 171 closed out — a net gain of 5 holders — while 535 added to existing stakes and 642 trimmed.
The largest buyer was Capital International Investors, adding an estimated $1.32B. The largest seller was Bank of New York Mellon, cutting an estimated $415M.
- 1,589 institutional investors held Paychex (PAYX) as of Q4 2025, down from 1,619 in Q3 2025.
- Funds reported $33.1B of Paychex stock for Q4 2025, down 4.7% quarter-over-quarter.
- 176 funds opened new Paychex positions in Q4 2025 and 171 closed out, a net change of +5 holders.
- The largest Paychex buyer in Q4 2025 was Capital International Investors, an estimated $1.32B added.
- The largest Paychex seller in Q4 2025 was Bank of New York Mellon, an estimated $415M sold.
Based on aggregated 13F filings for Q4 2025.